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During the initial six months of 2023, potassium sorbate prices encountered a significant decrease globally. In Asia, the decline was attributed to diminished demand in sectors such as food and pharmaceuticals, compounded by low costs of raw materials. Europe experienced a parallel trend marked by weak consumer demand, rising inventories, and market instability, culminating in a notable drop in June. In North America, a combination of declining domestic orders, increased inventory levels, reduced trade activities, and lower freight charges collectively contributed to the downward trajectory of potassium sorbate prices. These combined factors created a challenging market environment, influencing the overall pricing dynamics of potassium sorbate.
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Definition
Potassium sorbate is a chemical compound used as a preservative. It inhibits microbial growth, extending the shelf life of products. Its properties include effective mold, yeast, and bacterial control, making it vital in food, cosmetics, and pharmaceutical industries. It's water-soluble, safe for consumption, and regulated by health authorities. Potassium sorbate is tasteless, odorless, and works across a wide pH range.
Key Details About the Potassium Sorbate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Potassium Sorbate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Potassium Sorbate Price chart, including India Potassium Sorbate price, USA Potassium Sorbate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Potassium Sorbate Price Trend:
Potassium sorbate, a chemical compound, serves a wide range of industrial purposes as a preservative. Its capacity to inhibit the growth of mold, yeast, and bacteria contributes to the prolonged shelf life of diverse products, including those in the food, beverage, cosmetics, and pharmaceutical sectors. The compound plays a crucial role in preserving the quality and safety of food items, preventing spoilage in beverages, and ensuring the stability of cosmetic formulations. In the pharmaceutical field, potassium sorbate helps maintain the effectiveness of liquid medications and creams. Moreover, it is utilized in animal feed, textiles, and personal hygiene products. Its essential function in restraining microbial growth makes it a vital component in safeguarding the integrity of products across various industries.
Key Players:
- FBC Industries
- Seidler Chemical
- Tianjin Chemical Industry
- Bimal Pharma
- Ningbo Wanglong
- Celanese
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